Senegal issues coinage under the West African CFA franc system administered by the BCEAO, a monetary union spanning eight countries whose common currency has been pegged to the French franc — and since 1999, the euro — at a fixed rate. These small-format gold pieces are produced for the collector market rather than circulation, minted under private contract arrangements common among West African CFA member states seeking numismatic revenue.
Senegal issues coinage under the West African CFA franc system administered by the BCEAO, a monetary union spanning eight countries whose common currency has been pegged to the French franc — and since 1999, the euro — at a fixed rate. These small-format gold pieces are produced for the collector market rather than circulation, minted under private contract arrangements common among West African CFA member states seeking numismatic revenue.